Morning Market Update – 07/03/2026
Global sugar markets closed higher on March 6, supported by rising energy prices and stronger ethanol values. NY raw sugar climbed to 14.10 cents, while London white sugar reached 414.50. A surge in crude oil prices and a firmer ethanol market provided additional support, despite weakness in equity markets.
Yesterday’s closing dated – 06/03/2026
◾London White Sugar #5 (SWK26) – 414.50s (+8.00)
NYBOT Raw Sugar #11 (SBH26) – 14.10s (+0.38)
◾USD/BRL-5.2445 (-0.0199)
◾USD/INR – 91.933 (+0.146)
◾Corn (ZCH26) – 447-0 (+5-4)
◾Ethanol Chicago $/gal – 1.88750s (+0.04250)
◾Brent Crude – $90.90/bbl (+9.89)
◾BSE Sensex – 78918.90 (-1097.00)
◾NIFTY50 – 24450.45 (-315.45)
March NY world sugar #11 (SBH26) on Wednesday closed up +0.38 (+2.77%), and March London ICE white sugar #5 (SWH26) closed up +8.00 (1.97%)
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Source : Chinimandi
